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PayPal CEO writes personal response

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Re: PayPal CEO writes personal response

#11
Requiring personal supervision from an executive to withdraw funds is a negative against PayPal, because the president isn't going to personally supervise every account).

It's good that this executive (President, not the CEO as indicated in the title) is taking initiative to fix things at PayPal. But until things are fixed, PayPal is still a business risk.

Re: PayPal CEO writes personal response

#12
Why now? Why this situation is it finally hitting home?

What confuses me is that David acts as if these are new stories of accounts frozen, staggered access to money, and blocked recourse to customer chargebacks. This has been happening for years with hundreds of publicly written stories of bad will by PayPal.

Re: PayPal CEO writes personal response

#13
Why now? Why with this story?

I've been reading similar complaints to that for years. Some of which were far worse in my view (i.e. taking money out of banks to repay people who weren't even seeking a refund because PayPal changed its mind about someone's product or service).

Why does PayPal suddenly care? Is it because there is viable competition now?

Re: PayPal CEO writes personal response

#15

Why now? Why with this story? I've been reading similar complaints to that for years. Some of which were far worse in my view (i.e. taking money out of banks to repay people who weren't even seeking a refund because PayPal changed its mind about someone's product or service). Why does PayPal suddenly care? Is it because there is viable competition now?

It says right there: "I'm driving a lot of changes at PayPal (I took over 5 months ago)"

Re: PayPal CEO writes personal response

#16

If even a modicum of this attitude can seep down into all of the customer facing departments at PayPal, it'd be an awesome thing. I hope they pull it off.

Actually it would be 'life saving'. One of the reasons the payments space is flourishing is because PayPal has been a poor service provider (creating pain). And it has to come from the top, and you have to look into success metrics carefully to insure the folks in your organization aren't doing more harm than good to get 'good' ones.

Re: PayPal CEO writes personal response

#19
It's fantastic to see PayPal finally paying attention to these kinds of nightmare stories, but it's hard to believe it has anything to do with altruism.

They are seeing Stripe, Square, etc getting way more mindshare, and they are scared.

With all due respect PayPal, good riddance. You've sucked too hard for too long, and now we finally have alternatives.

Re: PayPal CEO writes personal response

#20
post #15

Why now? Why with this story? I've been reading similar complaints to that for years. Some of which were far worse in my view (i.e. taking money out of banks to repay people who weren't even seeking a refund because PayPal changed its mind about someone's product or service). Why does PayPal suddenly care? Is it because there is viable competition now?

It says right there: "I'm driving a lot of changes at PayPal (I took over 5 months ago)"

But 5 months is a long time. Why only now? Surely there have been high-profile cases whose media frenzies can be capitalized on before now.
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